NORTH-MISSOULA COMMUNITY DEVELOPMENT CORPORATION

EIN: 810509941 501(c)(3) Community Improvement

MISSOULA, MT

Total Revenue
$1,376,985
Total Expenses
$437,210
Total Assets
$4,208,003
Net Assets
$4,161,881
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MT
Principal Officer
BRITTANY PALMER
Phone
4068290873
Tax Period
2023-01-01 to 2023-12-31

NORTH-MISSOULA COMMUNITY DEVELOPMENT CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $940K, a strong 68% operating margin.

Mission

BUILDING COMMUNITY POWER, THRIVING NEIGHBORHOODS AND AFFORDABLE HOMES

Program Service Accomplishments

Program 1
Expenses: $129,042 Revenue: $54,049

LAND STEWARDSHIP PROGRAM. THE NORTH MISSOULA COMMUNITY DEVELOPMENT CORPORATION (NMCDC) REMOVES LAND FROM THE SPECULATIVE MARKET AND HOLDS IT IN TRUST ON BEHALF OF THE COMMUNITY, PRESERVING THE...

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LAND STEWARDSHIP PROGRAM. THE NORTH MISSOULA COMMUNITY DEVELOPMENT CORPORATION (NMCDC) REMOVES LAND FROM THE SPECULATIVE MARKET AND HOLDS IT IN TRUST ON BEHALF OF THE COMMUNITY, PRESERVING THE AFFORDABILITY OF HOUSING AND OTHER COMMUNITY ASSETS FOR MISSOULA RESIDENTS. THE NMCDC HAS DEVELOPED OR PARTNERED TO DEVELOP OVER 80 PERMANENTLY AFFORDABLE COMMUNITY LAND TRUST HOMES, DEED RESTRICED CONDOS, AND LIMITED EQUITY HOUSING CO-OP HOMES. AS A COMMUNITY LAND TRUST, THE NMCDC STEWARDS THE LAND, THE HOMES, AND THE PEOPLE WHO LIVE THERE; STAFF PROVIDES SUPPORT TO RESIDENTS AND THEIR HOAS, EMPOWERING THEM TO TAKE CARE OF THEIR HOMES AND ONE ANOTHER WHILE ENSURING THE HOMES STAY AFFORDABLE AND IN GOOD CONDITIONS FOR FUTURE GENERATIONS OF MISSOULA HOUSEHOLDS.

Program 2
Expenses: $50,910 Revenue: $94,710

BURNS STREET COMMUNITY CENTER. THE NMCDC DEELOPED THE BURNS STREET COMMUNITY CENTER IN RESPONSE TO A NEIGHBORHOOD SURVEY THAT INDICATED THE NEED FOR A COMMUNITY-CONTROLLED COMMERCIAL CENTER GEARED...

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BURNS STREET COMMUNITY CENTER. THE NMCDC DEELOPED THE BURNS STREET COMMUNITY CENTER IN RESPONSE TO A NEIGHBORHOOD SURVEY THAT INDICATED THE NEED FOR A COMMUNITY-CONTROLLED COMMERCIAL CENTER GEARED TOWARD SUPPORTING LOCAL FOOD BUSINESSES. TODAY THE BUSINESSES IN THE CENTER INCLUDE NMCDC'S OFFICE, THE WESTERN MONTANA GROWER'S COOP, BURNS STREET BISTRO CATERING, AND SOFT LANDING MISSOULA'S UNITED WE EAT PROGRAM. THE CENTER IS ALSO AVAILABLE FOR AFFORDABLE COMMUNITY RENTAL AND IS OFTEN USED FOR BOTH PRIVATE AND PUBLIC EVENTS.

Program 3
Expenses: $106,208 Revenue: $0

COMMUNITY ORGANIZING. THE NMCDC ORGANIZES NEIGHBORS IN MISSOULA'S LOW-WEALTH NEIGHBORHOODS, NORTHSIDE/WESTSIDE, RIVER ROAD, AND FRANKLIN TO THE FORT TO GET THEIR OWN NEEDS MET. ORGANIZING EFFORTS...

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COMMUNITY ORGANIZING. THE NMCDC ORGANIZES NEIGHBORS IN MISSOULA'S LOW-WEALTH NEIGHBORHOODS, NORTHSIDE/WESTSIDE, RIVER ROAD, AND FRANKLIN TO THE FORT TO GET THEIR OWN NEEDS MET. ORGANIZING EFFORTS RANGE FROM SUPPORTING NEIGHBORS IN IMPLEMENTING SPECIFIC NEIGHBORHOOD IMPROVEMENT PROJECTS TO MAINTAINING A CONNECTIONBETWEEN THE NEIGHBORHOOS AND THE CITY TO ORGANIZING AND ADVOCATING FOR MORE EQUITABLE LAND USE THROUGHOUT THE ENTIRE CITY,

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,192,763
Program Service Revenue $174,355
Investment Income $9,867
Other Revenue $0
TOTAL REVENUE $1,376,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $215,357
Fundraising Expenses $0
Program Expenses $333,589
Other Expenses $221,853
TOTAL EXPENSES $437,210

Year-over-Year Comparison

2023 2022 Change
Revenue $1,376,985 $722,821 +0.9%
Expenses $437,210 $345,041 +0.3%
Net Income $939,775 $377,780 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HERENDEEN DIRECTOR 1.00
Director
$0 $0 $0
PAM WALZER VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
MAGGIE BROWN DIRECTOR 1.00
Director
$0 $0 $0
CORTNEY PERRETEN PRESIDENT 1.00
Officer Director
$0 $0 $0
BAILEY ZOOK DIRECTOR 1.00
Director
$0 $0 $0
JON CLARENBACH TREASURER 1.00
Director
$0 $0 $0
AUBREY GODBEY SECRETARY 1.00
Officer Director
$0 $0 $0
JESSE LEE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,376,985 $437,210 $4,208,003 $939,775
2022 $722,821 $345,041 $3,285,988 $377,780
2021 $831,769 $632,780 $2,908,349 $198,989
2020 $317,340 $260,579 $2,744,038 $56,761
2019 $-470,588 $203,188 $2,675,855 $-673,776
2018 $868,461 $195,095 $3,980,899 $673,366
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